Digital Globalization - A New Era of Global Streams

Abstract

Annotation. Digitalization in international trade, economics and financial circulation has significantly defined the peculiarities of 20th century globalization. By 2008, direct financial and economic turnover had declined significantly, and a new type of flow, known as "digital globalization," was emerging. The driving force behind these processes has been artificial intelligence, cyber security, virtual reality, social media, the digital tax system, and data science. It is interesting what factors led to the change of the classical form of globalization with digital globalization, and therefore the aim of the paper is to seek an answer to this question in the technological revolution. The development of digital globalization has not been a one-day process, so it is necessary to study its historical development in the context of the industrial revolutions. The paper reviews the processes of generation and transformation of technological indicators, in which artificial intelligence, Big Data, Cloud Computing technologies and robotics are central. Finally, this argues that modern globalization is the fruit of new digital flows and an irreversibly evolving phenomenon that will unite states around common interests, economics and politics, and that despite the challenges, digitalization will still be able to cover all parts of the world. Will the world's human resources be depleted in the era of "great automation"?